Investment by UK businesses supports one million US jobs August 4, 2015 The UK is the largest foreign investor in the US, new research from the Confederation of British Industry (CBI) reveals today. At the end of 2013, the UK had $519bn (£333bn) in the US, $200bn more than the next largest investor. The CBI estimates that 962,900 jobs are supported by investment from UK firms. The UK [...]
London workers bargain for higher pay as economy grows August 3, 2015 With the UK economy growing strongly, London’s job hunters are putting more emphasis on pay when searching for potential employers, new research shows. Compensation is now the top factor when considering jobs with 20 per cent of Londoners saying they were most motivated by pay, according to survey figures released today by recruiter Randstad. It [...]
Tech hiring in the second quarter of 2015 dipped due to election jitters August 3, 2015 The uncertainty surrounding the General Election caused hiring in the tech industry across Britain to dip, new figures suggest. There was a six per cent drop in the number of jobs advertised in the technology sector between April and June this year, compared to the previous quarter. The number of permanent vacancies dipped even further however, [...]
Is London fair? Those living in the capital are most worried about wages and housing August 3, 2015 Londoners are vehemently in favour of capping chief executives' salaries, it turns out, after a new poll found 79 per cent of those living in the capital think it's unfair for a chief executive running an organisation that employs those on the minimum wage to be paid more than £500,000 a year. According to the [...]
UK immigration: Jump in accountancy and finance skilled non-EU workers as recruiters warn on visa rules August 2, 2015 There has been a sharp rise in the number of non-European Union finance professionals coming to the UK, new figures show this morning, highlighting the importance of firms’ access to skilled non-EU workers. The number of accountancy and finance professionals who entered the UK in 2014 climbed to 3,204, according to data from the [...]
Why I left the City to found a business – Investec Comment August 2, 2015 What makes a barrister, with a comfortable salary and a promising career, leave her job and risk everything by starting her own company? It’s a question – or a version of it – that many in the City with an entrepreneurial spirit will have asked themselves. I won’t pretend that it wasn’t a big decision [...]
Listing alpaca farming and ninja practice on your CV “just a bit too personal”, warn City recruiters July 31, 2015 Some readers may remember the 80’s trend for writing completely useless and “quirky” info into one’s CV. Sadly, with the advent of LinkedIn, talking about your love of sky-diving and extensive collection of beard combs doesn’t always win favours with the people in Human Resources. But some of the most elite recruitment firms in the [...]
Three charts showig how working in London differs to other cities July 29, 2015 A London working week is typically associated with long hours, heavy workloads as well as demanding clients, but a report released this week by Centre for Cities has shown there are some perks to working in the big smoke. Londoners are more likely to be in employment than their counterparts in large, medium and small city centres. [...]
Ikea creating a happy home for workers too as firm embraces living wage July 28, 2015 One of the crucial aspects of the chancellor’s Budget was the commitment to raise the living wage for over 25s to £9 per hour by the year 2020, a rise from the current rate of £7.20. Our immediate post-Budget research showed the policy to be very popular – across supporters of all of the [...]
“Catastrophic failure”: Careworkers’ warning to George Osborne on minimum wage July 27, 2015 The government has been warned that George Osborne’s new minimum wage for carers could prove to be a “catastrophic failure” if all costs are not fully funded. In a letter to parliament, the UK Homecare Association (UHA) said it welcomed the government’s commitment to low-paid workers, but said it estimates that “to address the existing [...]